FINANCES & Governance
We are committed to operating in a completely transparent and open manner. Our Annual Accounts as well as a number of policies can be found below.
Annual Accounts & Finances
Our accounts for 2021/22 show income for the year was £212,329 (2020/21: £166,453) against expenditure of £192,065 (2020/21: £192,453). The year closed with total funds of £94,959, of which £61,298 was in restricted funds and the remainder in unrestricted funds. Expenditure on charitable activities accounted for 89% of total expenditure.
Annual Accounts & Trustees’ Report for 2020/21
Annual Accounts & Trustees’ Report for 2019/20
Annual Accounts & Trustees’ Report for 2018/19
Our accounts for the 2022/23 financial year are currently being prepared and we expect them to be published in the Autumn.
Policies
The policies listed below are all of interest to either the general public, our donors and supporters, regulators, partners and beneficiaries and we have therefore made them publicly available. Other policies relevant to current staff and Trustees only have not been made publicly available.
Bribery, Corruption & Fraud Policy
Child Protection Policy*
Complaints Policy
Ethical Donations & Fundraising Policy
Privacy Policy
*to be published soon
If you would like a PDF or Word version of any of the above policies then please get in touch and we will be happy to provide you with a soft copy.
Frequently asked questions
The Trustees aim to keep reserves of equivalent to 3-6 months running costs. This does not include the cost of on-going programmes such as the feeding programme and teacher salaries.
As the majority of our expenditure is in Kenyan shillings, our budgets are particularly susceptible to fluctuations in exchange rates.
In recent years we have adopted a policy of currency ‘hedging’ in order to minimise the impact of volatility in exchange rates and to help us better forecast the costs of our projects and programmes when translating from local currency into sterling terms.